Intraday Risk/Reward Play on NIFTY for 22NOV,19

Updated
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Like always, Copy the Zones and trade on a 3mins time frame.

Dont be a Bull. Dont be a Bear. Be a Hare.

Check historical ideas on profile.
Note
practically we should buy right now, but there are no signs of divergence. will wait for that. Also overall view is on the buying side while nifty in the EX_LZONE. (confidence low as many stocks individually are breaking down)
Trade active
8/9 points sl
Note
BUY* with sl below zone
Note
If it crosses the green trendline and closes above 11962-3, 1:2 is the least expectation

snapshot
Note
Price action AT ITS BEST. Now if only niftybank holds.

snapshot
Note
update your sl to 11940. (STRICT SL). its trying to break out of the zone but unable to. This is kind of a good shorting opportunity too.
Trade closed: stop reached
BANKNIFTYBeyond Technical AnalysisChart PatternsniftybanknsensebanknsebankniftynseniftyTrend Analysis

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